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Altisource Portfolio Solutions to pay $32 million to settle class action suit over Ocwen relationship

Altisource Portfolio Solutions to pay $32 million to settle class action suit over Ocwen relationship | HousingWire | February 17, 2017
Real Estate
Source: HousingWire
February 17, 2017
Altisource Portfolio Solutions revealed recently that the CFPB is looking into the company’s relationship with Ocwen Financial. But that wasn’t the only Ocwen-related revelation of the week. The company also reached a $32 million settlement in a class action lawsuit brought by Altisource investors who claimed financial harm after Altisource’s stock plummeted after the New York Department of Financial Services began investigating the company’s relationship with Ocwen in early 2014.

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